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2022
Flag → Flag
Exports $105MRnk 59 / 206
2022
Flag → Flag
Top Product $60.9MWheat
2022
Flag → Flag
Exports $277MRnk 62 / 216
2022
Flag → Flag
Top Product $219MCopper Ore
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.012Rnk 67 / 133
2022
Flag  
GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
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GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP$1.32TCURRENT US$
Rnk 16 / 186
2012-2022
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GDP GROWTH43.7%CURRENT US$
Rnk 79 / 186
2022
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GDP PC $13,772CURRENT US$
Rnk 64 / 186
2012-2022
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GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186
2022
Flag
GDP PC$4,788CURRENT US$
Rnk 114 / 186
2012-2022
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GDP PC GROWTH30.5%CURRENT US$
Rnk 62 / 186

About

Bulgaria-Indonesia Trade: In 2022, Bulgaria exported $105M to Indonesia. The main products that Bulgaria exported to Indonesia were Wheat ($60.9M), Medical Instruments ($9.16M), and Carbonates ($7.59M). Over the past 5 years the exports of Bulgaria to Indonesia have increased at an annualized rate of 14.5%, from $53.1M in 2017 to $105M in 2022.

In 2020, Bulgaria exported services to Indonesia worth $2.4M, with Transportation ($800k), Computer and information services ($571k), and Travel ($457k) being the largest in terms of value.

Indonesia-Bulgaria Trade: In 2022, Indonesia exported $277M to Bulgaria. The main products that Indonesia exported to Bulgaria were Copper Ore ($219M), Rubber ($8.37M), and Coffee ($7.08M). Over the past 5 years the exports of Indonesia to Bulgaria have increased at an annualized rate of 26.3%,  from $68.1M in 2017 to $277M in 2022.

In 2022, Indonesia did not export any services to Bulgaria.

Comparison: In 2022,  Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B). That same year, Indonesia ranked 67 in the Economic Complexity Index (ECI -0.012), and 26 in total exports ($320B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Bulgaria exported $105M to Indonesia. The main products exported from Bulgaria to Indonesia were Wheat ($60.9M), Medical Instruments ($9.16M), and Carbonates ($7.59M). During the last 5 years the exports of Bulgaria to Indonesia have increased at an annualized rate of 14.5%, from $53.1M in 2017 to $105M in 2022.

In 2017, Indonesia exported $277M to Bulgaria. The main products exported from Indonesia to Bulgaria were Copper Ore ($219M), Rubber ($8.37M), and Coffee ($7.08M). During the last 5 years the exports of Indonesia to Bulgaria have increased at an annualized rate of 26.3%, from $68.1M in 2022 to $277M in 2017.

Exports from Bulgaria (Flag) to Indonesia (Flag) (2022)

Exports from Indonesia (Flag) to Bulgaria (Flag) (2022)

Latest Data

Trade between Bulgaria (Flag) and Indonesia (Flag)

Bulgaria Exports

Indonesia Exports

Market Competitiveness

Color
Bulgaria
Top DestinationGermany$6.91B
Indonesia
Top DestinationChina$67.7B

This map shows whether countries import more from Bulgaria or Indonesia. Each country is colored based on the difference in imports they receive from Bulgaria and Indonesia or the difference in the growth in imports.

In 2022, countries that imported more from Bulgaria than Indonesia included Romania ($6.55B), Greece ($2.93B), and Germany ($6.91B).

In 2022, countries that imported more from Indonesia than Bulgaria included China ($67.7B), United States ($31.6B), and Japan ($26.6B).

Difference in imports from Indonesia (Flag) and Bulgaria (Flag) (2022)

Comparative Advantage Bulgaria - Indonesia

Flow
Scale

This chart compares trade between Bulgaria and Indonesia by product, considering products traded by both, Bulgaria and Indonesia.

During 2022, Bulgaria had a large net trade with Indonesia in the exports of Vegetable Products ($65.6M), Chemical Products ($12.5M), and Instruments ($11.3M).

During 2017, Indonesia had a large net trade with Bulgaria in the exports of Mineral Products ($219M), Plastics and Rubbers ($10.6M), and Machines ($9.11M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Bulgaria Indonesia+$17.2MWheat
Top Product Potential Indonesia Bulgaria+$3.76MVideo Displays

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Bulgaria and Indonesia. This means that a dot/product with the flag of Bulgaria indicates it has a comparative advantage over Indonesia. Similarly, a dot/product with the flag of Indonesia indicates it has a comparative advantage over Bulgaria.

Product Space of Bulgaria (Flag) and Indonesia (Flag) (2022)

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